Subject: OT: Mattel (MAT)
Curious anyone has opinions on this name?
I got interested because I brought my kid to the American Girl store in NYC yesterday, and the store was packed with people! My wife and kid stayed inside for 2 hours. There was a line at checkout for a special back bag for carrying dolls
the CEO announced a $1bn buy back in February (mkt cap is $7b). Their Barbie movie is a big hit. It seems the company is trying to become more asset light and has been executing on cutting cost.
Stock is trading at around 15 PE according to a few sell side reports (yahoo finance is showing 32 PE)